Sat, Sep 20, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers October 2012

Servicers' Spot - Butterfield Fulcrum: aim for the institutional-grade platform

Butterfield Fulcrum: aim for the institutional-grade platform

 

Phil Niles

"Investors in the last few years have been looking for very reputable service providers when looking into funds; prime brokers, auditors, lawyers, fund administrators," Phil Niles, director at Butterfield Fulcrum, a fund administrator, told Opalesque. "Gone are the days when you could use just any old firms and check the box. Investors do a lot more due diligence now. So make sure you have all those service providers in place."

Butterfield Fulcrum is a full-service hedge fund provider that uses best in class technology and leverages it across a very diversified global client base, across all manner of funds and strategies including hard-to-value and complex fund structures. BF has offices strategically located all over the world with a 24/7 service providing capacity and employs about 500 employees.

Investors are also looking for a much more institutional-grade platform, Niles adds.

Unfortunately, investment managers often look for the cheapest possible solution (service providers and technology).

And while this might make sense for a small investment manager, Butterfield Fulcrum cautions then on that. For the most part investors are actually willing to pay a premium for that institutional grade platform, he says. And the cheapest solutions may or may not be the best choice.

"I always encourage managers to think of the total cost of ownership of particular solution and also to think about what it says about their firm. If you think of the audit world, a KPMG or an E&Y are definitely going to cost more than auditor XYZ that nobody has ever heard of, but it also signals......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali